Selling, General, and Administrative Costs: Travere Therapeutics, Inc. vs MiMedx Group, Inc.

Biotech SG&A Expenses: A Decade of Change

__timestampMiMedx Group, Inc.Travere Therapeutics, Inc.
Wednesday, January 1, 20149048000059644696
Thursday, January 1, 201513338400079541000
Friday, January 1, 201617999700098015000
Sunday, January 1, 2017220119000103958000
Monday, January 1, 2018258528000103654000
Tuesday, January 1, 2019198205000128951000
Wednesday, January 1, 2020181022000135799000
Friday, January 1, 2021198359000149883000
Saturday, January 1, 2022208789000220206000
Sunday, January 1, 2023211124000265542000
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In pursuit of knowledge

A Tale of Two Biotechs: SG&A Expenses Over Time

In the competitive world of biotechnology, managing costs is crucial for success. This chart compares the Selling, General, and Administrative (SG&A) expenses of Travere Therapeutics, Inc. and MiMedx Group, Inc. from 2014 to 2023. Over this period, MiMedx Group's SG&A expenses grew by approximately 133%, peaking in 2018. Meanwhile, Travere Therapeutics saw a staggering 345% increase, with a notable surge in 2023.

Key Insights

  • MiMedx Group, Inc.: After a peak in 2018, expenses stabilized, reflecting strategic cost management.
  • Travere Therapeutics, Inc.: The sharp rise in 2023 suggests aggressive expansion or increased operational activities.

Understanding these trends provides valuable insights into each company's strategic priorities and financial health, offering a glimpse into their operational strategies in the ever-evolving biotech landscape.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025